[posting]61067752[/posting]
thx fürs reinstellen, p82
nachfolg. auszug daraus unterstreicht eindrucksvoll die klasse in die die LI- proj. von LTR
inzwischen vorgestossen sind.........
The roadshow is being squired by Bridge Street Capital Partners, the company’s corporate advisors. Bridge’s veteran analyst and former fund manager Chris Baker has just penned a note on Liontown in which the valuation was increased from 11c to 22c.
While it was in the wake of the massive resource upgrade at Kathleen Valley, Baker said the increase was based on changes to financing assumptions. He also noted that Wesfarmers’ bid for Kidman was supportive of the 22c valuation.
“Kathleen Valley’s resource status in the Yilgarn province has climbed rapidly. It now matches that of Mineral Resources’ (MIN) Mt Marion deposit and is substantially larger and higher grade than Alliance Minerals’ (A40) Bald Hill and Galaxy’s (GXY) Mt Caitlin. Kathleen Valley may already offer a plus-20 year mine life,” Baker said.
“Liontown has not entered into any product off-take agreements with end-users, a feature which will undoubtedly lead to many financing options and enhance its corporate appeal. We can see ongoing consolidation of the lithium sector in WA. Liontown is now a prime target.”
